Financial Data and Key Metrics Changes - In Q1 2023, net income totaled CLP 136 billion, a decrease of 42% year-over-year but an increase of 33% quarter-on-quarter [61] - The bank's return on equity (ROE) for the quarter reached 13%, with guidance for the full year adjusted to 15% to 17% due to higher than expected interest rates [70][114] - The net interest margin (NIM) remained stable at 2.2% quarter-on-quarter, with expectations for a decline to 2.4% for the year [64][69] Business Line Data and Key Metrics Changes - Retail banking loans grew by 1.1% quarter-on-quarter, driven by consumer loans, while origination of new mortgage loans has decelerated [63] - The net contribution from corporate and investment banking (CIB) increased by 76.7% year-over-year, with the middle market segment seeing a 31% increase [38] - Non-net interest income from fees and treasury rose by 33.8% year-over-year and 20% quarter-on-quarter, indicating strong performance across all segments [66] Market Data and Key Metrics Changes - The Chilean economy contracted by 2.5% in Q1 2023, with expectations for a mild contraction of around -0.25% for the year [19] - Inflation is projected to decrease to 5.1% by the end of the year, with the central bank maintaining a monetary policy rate of 11.25% [7][21] - The trade balance reached a surplus of CLP 7.5 billion, a historical record, with expectations for a current account deficit of 4% of GDP [6] Company Strategy and Development Direction - The bank aims to be a digital-first institution, focusing on specialized services for corporate and wealth management, and exploring new growth opportunities [12] - The introduction of Work/Café Expresso branches aims to enhance customer experience and operational efficiency, serving over 50,000 people weekly with a high NPS of 96 [13] - The bank is committed to sustainable finance, having supported sustainable operations for an amount of $230 million in 2022, a 390% increase from 2021 [33] Management's Comments on Operating Environment and Future Outlook - Management expects a gradual normalization of interest rates starting in the third quarter of 2023, which will positively impact ROE and NIM [54][70] - The bank anticipates continued strong client growth driven by digital initiatives and new product offerings, despite a challenging macroeconomic environment [45] - The outlook for asset quality remains stable, with a cost of credit expected to be manageable at 1.1% to 1.2% [69] Other Important Information - The bank's liquidity coverage ratio was 182%, well above the minimum requirement, indicating strong liquidity levels [41] - The core equity ratio at the end of Q1 2023 was 10.5%, reflecting a solid capital position [44] - The bank's operating expenses decreased by 1.2% year-over-year, with a focus on cost control and digitalization investments [67] Q&A Session Summary Question: What led to the reduction in ROE guidance? - Management indicated that the adjustment was primarily due to higher than expected interest rates, impacting the normalization process of NIMs and ROE [72][114] Question: Are there any regulatory changes expected? - Currently, there are no significant regulatory issues on the agenda that could affect the bank in the near term [73] Question: What is the outlook for operating expenses? - Management expects a one-off performance in cost control for this year, with a target for costs to grow below inflation in the future [84][103] Question: How sustainable is the current fee income growth? - The bank anticipates strong fee income growth this year, but expects a slowdown to above 10% in the following years [55][58] Question: What is the strategy regarding interest rate derivatives? - The bank has secured a more dovish path in the past but does not see significant opportunities currently due to the market's expectations [97] Question: What is the expected impact of asset quality on the bank? - Management noted that asset quality is normalizing, with NPL ratios returning to pre-pandemic levels, and expects to maintain a manageable cost of risk [86]

Credit Loss and Provision - Credit loss expenses due to receivables from customers amounted to 2,918 in 2023, compared to 20,314 in 2022[8] - Net provision for loan loss was 114,249 in 2023, up from 89,531 in 2022[40] Cash Flow and Cash Equivalents - Total cash flows used in financing activities were 29,217 in 2023, compared to (460,493) in 2022[19] - Final balance of cash and cash equivalents was 2,660,782 in 2023, up from 1,982,942 in 2022[19] Comprehensive Income and Profit - Other comprehensive income for the year was 15,205 in 2023[49] - Profit attributable to shareholders was 774,959 in 2021, with 264,577 allocated to dividends[52] - Subtotal: Comprehensive income for the year was 3,566 in 2023[50] - The Bank reported a profit for the year of 800,051 and 823,857 for the respective periods[89] Dividends and Shareholder Payments - Payment of common stock dividends was (464,977) in 2023[54] - Provision for payment of common stock was (10,107) in 2023[61] Currency and Financial Reporting - The Bank's functional and presentation currency is the Chilean Peso, with foreign currency transactions translated at the market exchange rate of $794.35 per US$ for March 2023[85][86] - Non-controlling interest represents the portion of net income and net assets not owned by the Bank, presented separately in financial statements[82] Operating Segments and Business Models - The Bank's operating segments are defined based on revenues, results, and assets exceeding 10% of combined operating segments[84] - The Bank's operating segments are reviewed regularly by the highest decision-making authority and can be aggregated if they meet specific criteria under IFRS 8, including similar economic characteristics and aspects like product nature, customer type, and distribution methods[135] - The Bank created a new business model called 'Held to collect investments' to manage higher liquidity levels due to market changes[131] Financial Assets and Liabilities - The Bank's financial assets are classified based on business models and contractual cash flow characteristics, measured at amortised cost, fair value through other comprehensive income, or fair value through profit or loss[122][130] - Financial assets are classified based on the business model, which determines whether cash flows will come from contractual cash flows, selling financial assets, or both[146] - Financial assets can be measured at fair value through profit or loss if not held within a business model aimed at collecting contractual cash flows or if the objective is achieved by both collecting cash flows and selling assets[148] - Financial liabilities are subsequently measured at amortised cost, except for derivatives measured at fair value through profit or loss[153] - Financial liabilities are derecognised when the obligation is discharged, cancelled, or expired, and loans follow specific FMC requirements for derecognition[167] Derivatives and Risk Management - The Bank uses financial derivatives for risk management, trading, and hedging purposes[125] - Derivatives are classified as either trading instruments or hedging instruments, with trading derivatives measured at fair value through profit or loss[169] - The Bank uses the IAS 39 guidelines for hedge accounting, requiring specific conditions to be met for a financial derivative to be considered a hedging derivative[181] - The fair value of financial derivatives in trading books is deemed similar to their daily quoted price, with OTC derivatives calculated using NPV and option pricing models, including CVA and DVA adjustments[184] - Derivatives are recorded at fair value from the trade date, with changes in fair value recognized in the Interim Consolidated Income Statements[192] Fair Value Measurement - The Bank's fair value measurement considers market conditions and characteristics of assets or liabilities[99] - The Bank uses internal models to estimate fair value when market quotations are not observable, relying on observable market data and sometimes unobservable inputs[158] - Financial instruments at fair value determined by published prices in active markets (Level 1) include government bonds, corporate bonds, and exchange-traded derivatives[193] Leases and Right-of-Use Assets - The Bank's lease liabilities and right-of-use assets are recognized according to IFRS 16 'Leases'[96] - Lease contracts are measured at cost initially, with rent adjustments due to UF variations treated as new measurements and recognized as amendments to the obligation[191] - The Bank assesses whether contracts contain leases based on the right to control the use of an identified asset, with short-term leases (≤12 months) recorded as straight-line expenses[195] - The Bank has not entered into lease agreements with guarantee clauses for residual value or variable lease payments[196] Property, Plant, and Equipment - The useful life of property, plant, and equipment is reviewed at the end of each reporting period, with adjustments made to depreciation charges if significant changes are detected[190] Intangible Assets and Receivables - Intangible assets are recorded at acquisition or production cost, minus accumulated amortization and impairment losses[200] - Factored receivables are valued at the amount disbursed by the Bank, with price differences recorded as interest income using the effective interest method[199] Shareholding and Control - The Bank holds 67.18% of its shares controlled by Banco Santander Spain through subsidiaries[106] Valuation and Management of Financial Instruments - The Bank has a formal process for the systematic valuation and management of financial instruments, with responsibilities divided between Treasury and Market Risks divisions[160] Market Conditions and Financial Instruments - No significant investments in listed financial instruments ceased to be recorded at their quoted market value as of March 31, 2023, 2022, and December 2022[186]

Pandemics, including the global COVID-19 pandemic, and other public health emergencies have materially impacted, and may in the future materially impact, our financial condition, liquidity and results of operations. In 2020, the Chilean government also announced a series of measures to support lending as a result of the economic dislocation seen at the beginning of the COVID19 pandemic. The largest measures were to provide an additional U.S.$3 billion to the Fondo de Garantía para Pequeños Empresarios (Smal ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Bandera 140 Santiago, Chile (Address of principal executive of ice) Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): | --- | --- | |-------------------------------|-----------------------------------------------------------| | | BANCO SANTANDER-CHILE \nBy: /s/ Cristian Florence | | | Name: Cristian Florence | | | Title: General Counsel | | Date: February 21, 2023 | | | | | | | ...

Financial Data and Key Metrics Changes - The net contribution from business segments increased by 19.7% year-to-date, with all segments showing significant rising profitability [1] - Provisions increased by 43.9% year-over-year due to a normalization of asset quality in retail loans [2] - Operating costs increased by 3.2% year-over-year, indicating controlled growth as the bank continues its digital transformation [2] - The cost of credit rose to 1.2% in the fourth quarter, primarily due to specific clients in the Middle Market [10] Business Line Data and Key Metrics Changes - Retail banking loans grew by 1.8% quarter-over-quarter and 5.5% year-over-year, with consumer loans increasing by 11% year-over-year [8] - The SME segment loan book decreased by 5.7% quarter-over-quarter and 20.6% year-over-year as SMEs repaid FOGAPE loans [5] - The Corporate and Investment Banking segment saw a net contribution increase of 49.3% year-over-year, driven by growth in all profit lines [139] Market Data and Key Metrics Changes - The NPL ratio rose to 1.8% in the quarter, primarily due to household liquidity levels returning to post-pandemic levels [6] - The bank's NIM decreased to 2.2% in the quarter and 3.3% for the full year, influenced by movements in volumes, rates, and inflation [9] - The average monetary policy rate is expected to be 9.2% for 2023, with inflation projected at 5.3% [33] Company Strategy and Development Direction - The bank continues to invest in digital transformation, with a CLP260 million technology investment plan for 2022-2024 [7][49] - The strategy includes optimizing the branch network, having closed 12% of branches while opening new Work Cafes to enhance client experience [145] - The bank aims to maintain a historical payout of 60% over 2022 earnings, with a current dividend yield close to 8% [110] Management's Comments on Operating Environment and Future Outlook - Management expects a challenging macro environment in 2023 but believes strong client activities will continue to expand [34] - The bank anticipates a cost of credit of 1.1% to 1.2% for the year, with a focus on maintaining high coverage for non-performing loans [81] - The economic outlook includes a contraction of GDP between 1% and 1.5%, with expectations for recovery in 2024 [148] Other Important Information - The new fintech law is expected to open opportunities for the financial industry by regulating new technological players [138] - The bank's asset quality indicators led to a cost of credit of 1% for the full year, aligning with guidance [144] - The bank's active individually clients grew by 7.2% year-over-year, indicating strong client growth [139] Q&A Session Summary Question: What are the refinancing needs for this year and next? - Management indicated that liquidity conditions are favorable and they are comfortable with their funding needs [52] Question: Can you elaborate on the increase in provisions for consumer loans? - Management expects an impact of CLP150 billion in provisions, with implementation anticipated in the second half of 2023 [41] Question: How do you foresee the evolution of interest rates and inflation? - Management expects inflation to moderate, allowing the Central Bank to cut rates aggressively in the second quarter [125] Question: What is the strategy regarding derivatives? - The bank uses derivatives to manage interest rate risk and expects improvements in margins as rates decline [116] Question: What is the expected cost of credit for the full year? - Management anticipates a cost of credit of 1.1% to 1.2%, with a potential decrease in the second half of the year [89]

Banco Santander-Chile (NYSE:BSAC) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Emiliano Muratore - CFO Claudio Soto - Chief Economist Robert Moreno - Managing Director and Head of IR Conference Call Participants Tito Labarta - Goldman Sachs Alonso Garcia - Credit Suisse Daniel Mora - Credicorp Capital Ernesto Gabilondo - Bank of America Jason Mollin - Scotiabank Operator Ladies and gentlemen, thank you for standing by, and I would like to welcome you to Banco Santander- ...

Exhibit 99.1 | --- | --- | --- | |-------------|----------------------------------------------------|-------| | | | | | | CONSOLIDATED INTERIM FINANCIAL STATEMENTS | | | | As of June 30, 2022 and 2021 and December 31, 2021 | | | & Santander | | | | | | | | | | | CONTENT Consolidated Interim Financial Statements | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Banco Santander-Chile (NYSE:BSAC) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Emiliano Muratore - CFO Claudio Soto - Chief Economist Robert Moreno - Managing Director and Head of IR Conference Call Participants Jason Mollin - Scotiabank Tito Labarta - Goldman Sachs Yuri Fernandes - JPMorgan Ernesto Gabilondo - Bank of America Alonso Garcia - Credit Suisse Neha Agarwala - HSBC Operator Ladies and gentlemen, thank you for standing by, and I would like to welcome you to Banc ...

Banco Santander-Chile (NYSE:BSAC) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Emiliano Muratore - Chief Financial Officer Claudio Soto - Chief Economist Robert Moreno - Managing Director and Head of Investor Relations Conference Call Participants Tito Labarta - Goldman Sachs Alonso Garcia - Credit Suisse Ernesto Gabilondo - Bank of America Carlos Gomez - HSBC Yui Fernandez - JP Morgan Juan Recalde - Scotiabank Operator Ladies and gentlemen, thank you for standing by. And ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR Commission file number: 1-14554 BANCO SANTANDER-CHILE ( ...